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That is simply not true. We all practice libertarian principles every day and the "problems" associated with that ideology are primarily the result of government interference.
Although I think you can easily find instances of people practicing 'libertarian principles' (and probably just as easily 'communist principles'), IMHO there is a great distance between that and a successful public policy. The reason why I also mention communism is that I find libertarianism and communism to be very similar in the fact that they don't naturally occur on large scales, which I think is very telling.